Capital Migration (Germany and Austria).

Oral Answers to Questions — Peace Treaties. – in the House of Commons on 16th February 1922.

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Photo of Mr Fredric Wise Mr Fredric Wise , Ilford

58.

asked the Chancellor of the Exchequer if the Reparation Commission has stopped what is called the migration of capital from Germany and Austria?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

The Reparation Commission has no power under the Treaties of Versailles and St. Germain to stop the migration of capital from Germany and Austria respectively. The extent, however, to which it may prove desirable and feasible to control the export of capital from Germany will doubtless be considered in connection with the request of the German Government for partial relief in respect of reparation payments during the year 1922. As regards Austria, I understand that the Austrian Government has itself enacted legislation designed to control the export of capital.